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We’ve all heard of voodoo economics, but voodoo investing? Noted Washington, D.C.-area radio personality and former financial advisor Dawn Bennett was convicted earlier this week of fraud, found to have bilked 46 listeners, advisory clients and friends who trusted her out of some $20 million in a Ponzi scheme. Prosecutors say she used voodoo in an otherworldly attempt to escape justice. Founder and CEO of Bennett Group Financial Services (now a defunct firm) and the…

This retirement living expense has nowhere to go but up. The annual cost of a private room in a nursing home has cracked the six-figure mark, according to Genworth Financial. The national annual median cost of a private room in a nursing home is $100,375, the insurer found in its 2018 Cost of Care study. Overall, the rising cost of care has outpaced inflation. The Consumer Price Index for all urban consumers was 2.1 percent…

President Donald Trump on Saturday launched a new salvo in the fierce battle over immigration, blasting Democrats for obstructing his efforts to secure the border as thousands of Central American migrants flooded the dividing line between the U.S. and Mexico. Amid worsening tensions in the White House over refugees from Guatemala and Honduras flocking to the border, Trump took to Twitter and blamed Democrats for being weak on border security. Calling attention to the “horrors…

While a trip to the grocery store may conjure up images of colorful produce, grab-and-go meals and must-have packaged snacks, another image less likely to come to mind is tons of waste. According to Refed, a nonprofit organization dedicated to fighting food waste in the United States, the retail food sector generates 8 million tons of food waste a year. Additionally, there is a great deal of packaging waste. Food is shipped in boxes. It…

Four months ago, Amwaj Mohammed could have been arrested for driving in Saudi Arabia. Now, she earns money driving for Careem — thanks to a royal decree that allowed Saudi women to driver. Saudi Arabia in June became the last country to grant women driving rights, and it’s the only one to do so in the age of ride-hailing apps. Uber and Careem, in the latest example of their regional rivalry, spent hundreds of thousands…

Joe Horowitz is a venture capital traditionalist. He believes in best practices, business fundamentals and calculated bets. But as megafunds and hundred-million-dollar rounds balloon valuations and flood the space, the Icon Ventures managing general partner finds himself fighting money with money. “If we don’t adjust to the reality of the implications of what the megafunds mean for us, we’re at risk for our business,” Horowitz told CNBC in an interview. “To be relevant today ……

The S&P 500 is having its worst month in nearly three years. But the worst may be yet to come for the stock market, according to Jim Paulsen, chief investment strategist at Leuthold Group. “My guess is that we’re going to have a bigger correction than we’ve had yet,” said Paulsen on CNBC’s “Trading Nation” on Friday. “I think a good gut check to sentiment, like a 15 percent correction, might be just the ticket…

At first, it seems odd that Boeing’s first 787 Dreamliner test plane is the main attraction inside an exhibition center that opened this month at the airport in Nagoya, Japan. It may seem even odder that all the retail and dining venues in the hall have a theme … from Seattle. But it makes sense when you consider that Nagoya-area aerospace manufacturers build 35 percent of the parts for each 787 aircraft — including wings…

Sherri Franklin was running a successful San Francisco hair salon when she realized something: Work just wasn’t as satisfying as it used to be. What was rewarding, though, was volunteering at the local animal shelter. “I just go mad for the dogs,” she says, particularly the old ones with gray or white faces. “Normal people have a reaction to puppies,” she says. “Old dogs are my calling.” She spent hours walking an old basset-beagle mix…

Although investing is one of the smartest ways to grow your wealth, it’s not the only way. A lucky few become instant multimillionaires thanks to the lottery. If you want to take a chance on joining them, Tueday’s Mega Millions jackpot is now $1.6 billion, the highest jackpot ever. Lottery winners can choose to receive the money in either an annuity — annual allotments over 30 years — or to get it all at once…